Daytrading Review, Silver, and US Dollar
I take a deep dive review on the morning’s daytrades as well as why to focus on silver and copper now (not gold, yet), as well as US dollar short setups.
I take a deep dive review on the morning’s daytrades as well as why to focus on silver and copper now (not gold, yet), as well as US dollar short setups.
DIS is a royal setup that has triggered on a 15 minute chart. Your risk is defined.
I like to trade Microsoft higher going into earnings every quarter, but a key aspect of getting the timing right is getting in on a pullback. It’s a little early but I decided to start my long position today. Here is what I’m lookin at.
The market wanted to give us a bit of excitement today, with a decent pullback that was quickly bought up. I’m personally focusing on the upcoming run into earnings, as the recent momentum stocks have been soft and haven’t given me much to do there. Let’s look at MSFT, AMAT, AMD, TXN, and more.
A nice pullback in VEEV gives a closer setup zone of risk. Always remember—NTNT (no trigger, no trade).
Where are the double greens and bullishness to begin looking for pullback buys?
The timing. I explain why in this video, as well as what other markets to consider in the first half of this month.
I don’t think there were many analysts looking for such a strong recovery during a pandemic, yet here we are, and there’s a chance the party is just getting started. Let’s look at this key signal for the Dow, and some of the components that could help fulfill its signal.